Zee Entertainment Enterprises, one of the largest Indian media and entertainment companies, today reported a rise of 21.15% in consolidated net profit of Rs 2.18 billion for the quarter ended Mar. 31, 2014, as compared to Rs 1.8 billion in the same period last year.
 
Total consolidated income has increased by 15.35% to Rs 11.74 billion for the quarter ended Mar. 31, 2014 from Rs 10.18 billion in the year ago period.

Advertising revenues for the quarter were Rs 5.82 billion, recording a growth of 21.5% over Q4 FY13.

Commenting on the results, Subhash Chandra, chairman of Zee Entertainment Enterprises said, ''Indian economy continued to grow at a sluggish pace of less than 5% in FY14. This has continued to put pressure on overall advertising spends which have barely touched the double-digit mark. To some extent election related spends have helped. The good part is that with a stable government, growth is expected to pick up. We expect that despite a slow economy, television media industry will continue on its double-digit growth path.''

Shares of the company gained Rs 4.1, or 1.42%, to trade at Rs 292.50. The total volume of shares traded was 386,478 at the BSE (2.53 p.m., Wednesday).